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The Oil Curse - a book by Ross, Michael L.

The Oil Curse

How Petroleum Wealth Shapes the Development of Nations

The Oil Curse( )
Author: Ross, Michael L.
Publication Date:Sep 2013
Publisher:Princeton University Press
Book Format:Paperback
List Price:USD $23.95
Book Description:

Countries that are rich in petroleum have less democracy, less economic stability, and more frequent civil wars than countries without oil. What explains this oil curse? And can it be fixed? In this groundbreaking analysis, Michael L. Ross looks at how developing nations are shaped by their mineral wealth--and how they can turn oil from a curse into a blessing.

Ross traces the oil curse to the upheaval of the 1970s, when oil prices soared and governments across the developing...
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